Lokesh Gupta
12-03-2024
#Near Protocol ($NEAR) witnessed significant growth since early February, bouncing back impressively from $2.68 to $7.10, marking a remarkable 165% increase over five weeks.
NEAR experienced a surge to $7.00, reaching its peak since May 2022, with a remarkable 75% increase in the past week alone.
Confirmation of the breakout above the $6.12 neckline resistance came with a strong bullish candle, suggesting a sustained bullish trend.
$NEAR's price action unveiled a breakout from the neckline resistance of a rounding bottom pattern, indicating further potential for recovery.
According To Coingabbar's analysis, The sustained breakout has the potential to drive #Near Protocol's price toward the theoretical target of $11.20.
KEY LEVELS :
RESISTANCE LEVEL : $9.00-$12.00
SUPPORT LEVEL : $5.40-$4.00
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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